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KIMMINS ENVIRONMENTAL SERVICE CORP. REPORTS FOURTH QUARTER EARNINGS AND RESULTS FOR THE YEAR ENDED DEC. 31, 1992

 TAMPA, Fla., April 6 /PRNewswire/ -- Kimmins Environmental Service Corp. (NYSE: KVN) today announced net income for the fourth quarter of $478,000 or $.04 per share compared to a net loss of ($355,000) or ($.03) per share for the same period in 1991.
 Revenue for the fourth quarter was $22,819,000 compared to $23,883,000 for the same period in 1991.
 Net income for the year ended Dec. 31, 1992, was $185,000 or $.01 per share compared to a net income of $2,322,000 or $.17 per share for the year ended Dec. 31, 1991. Revenue for the year ended Dec. 31, 1992, was $87,442,000 compared to revenue of $100,646,000 for the year ended Dec. 31, 1991.
 Francis M. Williams, president of Kimmins Environmental Service Corp. ("Kimmins"), commented: "Fourth quarter 1992 results were substantially better than 1991. The increase in the gross and operating margins of our solid waste management segment, TransCor Waste Services, Inc. ("TransCor"), and the reduction in overhead expenses through programs implemented throughout the year contributed to the significant improvement in fourth quarter results. This is the third consecutive quarter of profits, and we expect to see continuing improvement in operating results for 1993."
 Kimmins Environmental Service Corp.
 Statements of Operations
 Qtr. ended Year ended
 12/31/92 12/31/91 12/31/92 12/31/91
 (unaudited) (audited)
 Gross revenue $22,819,000 $23,883,000 $87,442,000 $100,646,000
 Net income (loss) $478,000 $(355,000) $185,000 $2,322,000
 Earns. (loss) per share $.04 $(.03) $.01 $.17
 Weighted average shares
 outstanding 13,329,000 13,324,000 13,327,000 13,324,000
 On March 26, Kimmins announced the initial public offering of 25 percent of TransCor, a Kimmins subsidiary, for $5 million. Kimmins retains a 74 percent interest in TransCor.
 Kimmins Environmental Service Corp. and its subsidiaries provide solid waste management services, including transfer, collection, demolition and recycling; and environmental industrial services, including infrastructure development, dismantling and abatement, hazardous waste remediation and incineration.
 Kimmins Environmental Service Corp. is headquartered in Tampa, and has regional offices in Niagara Falls, N.Y., and Houston. Kimmins Environmental Service Corp.'s stock is traded on the New York Stock Exchange under the symbol "KVN."
 -0- 4/6/93
 /CONTACT: S. David Silver of Kimmins Environmental Service Corp., 813-247-0182/
 (KVN)


CO: Kimmins Environmental Service Corp. ST: Florida IN: ENV SU: ERN

RA-BN -- AT001 -- 3400 04/06/93 11:26 EDT
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Date:Apr 6, 1993
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